Screenshot

Mustapha owns a rental space in New York and is thinking of opening a restaurant in that space. The total cost of operating the restaurant is C(Q) = 20Q, where Q is the number of customers at the restaurant in a day. The market demand for restaurants is Q = 100 - p. If Mustapha operates under perfect competition market, his market quantity is , the market price is and Mustapha's profit is , (please put your answer for quantity, price and profit, in numerical values without any dollar sign, comma or decimal place). If Mustapha operates under Monopoly market, his market quantity is , his market price is and his monopoly profit is (please put your answer for quantity, price and profit, in numerical values without any dollar sign, comma or decimal place). If Mustapha's primary goal is to maximize profit, he should operate under (please put your answer as either perfect competition or monopoly, all lower cases). If Mustapha's primary goal is to eliminate dead-weight loss, he should operate under (please put your answer as either perfect competition or monopoly, all lower cases). If Mustapha operates under perfect competition market, his accounting profit is if Mustapha instead operates under monopoly market, his accounting profit is (please put your answers for both cases in numerical values without any dollar sign, comma or decimal place)